I have started short-selling Audius as well as Chiliz. It's a long term play based on what I have gathered, I would qualify the project as a cash grab by people who don't really understand the crypto industry.
I only wish I would have started short-selling it with my grid bot back in early 2021. Regardless, it still has a $200M market cap, and I fully expect the downtrend to keep going until it get delisted from many exchanges and the liquidities dry up.
They have had more than 2 years to scale their business and generate revenues, but I doubt they have any significant traction in the market, the spotify of this world and the record labels have too strong network effects to allow them to flourish. Show Less
